Is Canada in a recession? Some answers are coming this Friday
AI Article Summary
Canada's economic outlook will be clearer with the upcoming release of GDP data for September and the third quarter of 2025. While the Bank of Canada forecasts a slight growth, some economists anticipate negative growth, possibly indicating a recession if it follows the previous quarter's decline. Factors affecting GDP include international trade disruptions and a labor strike. Upcoming data, however, lacks comprehensive international trade information due to delays caused by a U.S. government shutdown.
What This Means for Canadian Contractors
For Canadian builders, this means potential delays in obtaining permits and securing project funding, as economic uncertainty can slow down government processes and impact investor confidence. A weaker economy might also affect labor availability and project timelines, especially if further trade disruptions or strikes occur. Contractors should prepare for possible fluctuations in material costs and supply chain delays that could increase project risks.
